Mirabaud names new senior partner and first female

Geneva-based private bank Mirabaud has named Yves Mirabaud as
senior partner effective from 31 December 2011 and named Camille
Vial as a new partner, effective from 1 January 2012.

Mirabaud, currently managing partner and a member of the
executive committee will take over Thierry Fauchier-Magnan, who
retires from the managing partner position at the end of the
year.

Fauchier-Magnan’s daughter Vial, who currently serves as head of
portfolio management for private clients, will become the first
woman to become a partner at Mirabaud.

Entertaining figures

Women are still vastly under-represented in the leadership teams
of private banks in Switzerland despite the percentage of high net
worth women continuing to grow globally.

Vial is only the second woman to become a partner with unlimited
liability within the Swiss Private Bankers Association (SPBA),
following Lombard Odier’s managing partner Anne-Marie de Weck.

SPBA is a representative body of 13 private banks with a total
of 68 partners who hold unlimited liability.

Numbers of high net worth women on the rise

According to the Merrill Lynch/Capgemini World Wealth Report
2011, the global average of wealthy women grew by 3% to 27% in
2010, up from 24% in 2008.

Women made up 37% of the total North American HNWI
population, while in Japan women accounted for 31% of HNW
wealth.

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